The author of this article is short shares of MGT Capital Management
MGT Capital Investments (ticker: MGTI) will be presenting at the LD Micro conference later this week. Here are a few questions we would ask since we believe their stock is massively overvalued:
- Is MGT Capital Invesments' stock undervalued and if so, based on what metrics? (the company has a market cap of ~ $45 million and last quarter generated only $53k of revenue and lost money. This valuation equates to a staggering 200x annualized last quarter’s revenue. Furthermore, this valuation does not include the dilutive D-Vasive acquisition which is pending).
- Why did MGTI recently agree to a note exchange whereby...
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